Lockheed to Sell F35 to 11 Nations

Reuters news agency reports today that US weapons maker Lockheed Martin Corp is in the final stages of negotiating a deal worth more than $37 billion to sell a record 440 F-35 fighter jets to a group of 11 nations including the United States. The fifth generation stealth jet fighter is set to make its Paris Airshow debut this week. The agreement represents a major shift in sales practices from annual purchases to more economic multi-year deals that lower the cost of each jet. According to the report, the average price of the 440 jets was expected to be $85 million.